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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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3235 Monterey St , Detroit, MI 48206
$290,000
Est. Payment: $1,493.35/mo
0 Bed
4 Bath
0 Sqft
Status: active | Days on site: 88
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

House Description

Turnkey investment opportunity located in the highly sought-after Boston-Edison Historic District. This newly renovated property is fully leased and generating $4,200 per month in rental income, making it an excellent addition to any investor’s portfolio. The property has been thoughtfully updated throughout, offering modern improvements while complementing the character of the surrounding historic neighborhood. Positioned in one of the most desirable and rapidly revitalizing areas of Detroit, the location provides convenient access to major employment centers and popular local attractions. Nearby amenities include the iconic Motown Museum, Henry Ford Hospital, and the shops, dining, and entertainment along the Woodward Avenue corridor. Surrounded by beautiful historic architecture, tree-lined streets, and continued neighborhood investment, the area continues to attract strong tenant demand. With stable income already in place and a prime location in one of Detroit’s most notable historic districts, this property presents a compelling opportunity for investors seeking both cash flow and long-term appreciation.

Highlights

Listed by Drake O'Donnell , 313-693-0984 NATOD Management , 248-609-7108. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.14

HOA Fee

Year Built

1924

County

Wayne

School District

Detroit

Listing ID

20261015773

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:4
  • Full Bathrooms:
Other:Public

Exterior Features

Principal Interest
$1,493
Taxes
$367
HOA
$0

Home Price

$290,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$58,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,493.35

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,493.35 $366.92 $0.00 $1,860.27
Yearly $17,920.24 $4,403.00 $0.00 $22,323.24
Total $537,607.22 $132,090.00 $0.00 $669,697.22
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC